5,000 SF BAR | BEECHVIEW 2500 W LIBERTY AVE PITTSBURGH, PA 15226
Andreas Kamouyerou Advisor 412.535.8062 [email protected] Jason Campagna Managing Director 412.535.5756 [email protected]
SVN | THREE RIVERS COMMERCIAL ADVISORS | 309 SMITHFIELD STREET, 5TH FLOOR, PITTSBURGH, PA 15222 OFFERING MEMORANDUM PROPERTY INFORMATION 3 Property Summary Location Overview Additional Photos LOCATION INFORMATION 7 Location Maps Aerial Map Retailer Map FINANCIAL ANALYSIS 11 Financial Summary Income & Expenses DEMOGRAPHICS 14 Demographics Map Advisor Bio & Contact Advisor Bio & Contact Back Page
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE, PITTSBURGH, PA 15226 OFFERING MEMORANDUM 1 PROPERTY INFORMATION 2500 W Liberty Ave Pittsburgh, PA 15226
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 3 Property Summary
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $279,000 SVN | Three Rivers Commercial Advisors is pleased to present for sale a bar in Dormont, a South Pittsburgh neighborhood.
PROPERTY HIGHLIGHTS Lot Size: 0.11 Acres • 5,000 SF Bar / Restaurant
Building Size: 5,000 SF • 280 person seating capacity • Corner Lot Zoning: RETL/STOR OVER • 17,000+ ADT
Market: Pittsburgh
Submarket: South Pittsburgh
Price / SF: $55.80
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 4
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Overview
PENNSYLVANIA
Pennsylvania is officially a Commonwealth, a word which comes from Old English and means the "common weal" or well-being of the public. In Pennsylvania, all legal processes are carried out in the name of the Commonwealth, although the word does not appear on the State Seal. The commonwealth borders Delaware to the southeast, Maryland to the south, West Virginia to the southwest, Ohio to the west, Lake Erie and the Canadian province of Ontario to the northwest, New York to the north, and New Jersey to the east. It is also one of the 13 original founding states.
ALLEGHENY COUNTY
Allegheny County is a county in the southwestern part of Pennsylvania (PA). It is the second most populous county in PA followed by Philadelphia County. Allegheny County was the first in PA to be given a Native American name, being named after the Allegheny River. Allegheny County was created in September of 1788 from parts of Washington and Westmoreland counties and originally extended all the way north to the shores of Lake Erie and became the “Mother County” for most of northwestern PA before the counties current borders were set. The area developed rapidly throughout the 19th century to become the center of steel production in the nation. The county is known for the three major rivers that flow through it, the Allegheny, the Monongahela, and the Ohio Rivers. Allegheny county is home to three National Sports Teams, multiple major top ten companies as well as various colleges and universities. The county consists of 4 cities, 84 boroughs and 42 townships.
BEECHVIEW Beechview is a neighborhood located in Allegheny County, approximately 3.5 miles south of Pittsburgh. Beechview is neighbored by Duquesne Heights, Mt. Washington, Brookline, Banksville, Ridgemont, and Dormont. The neighborhood boosts a grid pattern of streets due to the hilly terrain, resulting in very steep roads. The steepest street in the United States can be found in Beechview, Canton Ave. Beechview is accessible by Pittsburgh’s light rail, allowing for easy travel to Downtown and the South Hills. The residents of Beechview are serviced by the Pittsburgh Public School District.
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 5
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Additional Photos
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 6
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 2 LOCATION INFORMATION 2500 W Liberty Ave Pittsburgh, PA 15226
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 7 Location Maps
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 8
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Aerial Map
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 9
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Retailer Map
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 10
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 3 FINANCIAL ANALYSIS 2500 W Liberty Ave Pittsburgh, PA 15226
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 11 Financial Summary
INVESTMENT OVERVIEW
Price $279,000 Price per SF $55.80 CAP Rate - Cash-on-Cash Return (yr 1) - % Total Return (yr 1) - Debt Coverage Ratio -
OPERATING DATA
Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income - Operating Expenses - Net Operating Income - Pre-Tax Cash Flow -
FINANCING DATA
Down Payment - Loan Amount - Debt Service - Debt Service Monthly - Principal Reduction (yr 1) -
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 12
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Income & Expenses
INCOME SUMMARY PER SF
Gross Income - -
EXPENSE SUMMARY PER SF
Gross Expenses - -
Net Operating Income - -
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 13
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 4 DEMOGRAPHICS 2500 W Liberty Ave Pittsburgh, PA 15226
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 14 Demographics Map
POPULATION 1 MILE 2 MILES 3 MILES
Total population 23,388 73,210 155,544
Median age 38.2 39.7 40.2
Median age (Male) 36.2 37.6 37.7
Median age (Female) 40.3 41.7 42.0
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 10,446 32,177 68,410
# of persons per HH 2.2 2.3 2.3
Average HH income $51,985 $60,614 $64,965
Average house value $107,042 $140,674 $155,978
* Demographic data derived from 2010 US Census
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 15
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact
ANDREAS KAMOUYEROU PROFESSIONAL BACKGROUND
Advisor Andreas Kamouyerou serves as an Associate Advisor for SVN I Three Rivers Commercial Advisors specializing in retail. With his proactive approach and attention to detail, Andreas is well equipped to meet his client’s needs and desires.
Jumping right in, Andreas has participated in the Real Estate Negotiation Expert Certification Course and the 2017 ICSC Recon Event which will highly benefit him in understanding his market and all aspects of Retail Real Estate.
Raised in McMurray, PA and coming from a family background of real estate investments and business start-ups, Andreas has a specialized understanding for the retail division of the real estate market. Andreas is a licensed real estate agent in Pennsylvania.
309 Smithfield trS eet, 5th Floor Pittsburgh, PA 15222 T 412.535.8062 C 724.825.0888 [email protected]
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 16
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact 2
JASON CAMPAGNA PROFESSIONAL BACKGROUND
Managing Director Jason Campagna serves as a managing partner and senior advisor for SVN | Three Rivers Commercial Advisors specializing in multi-family housing. Jason prides himself on understanding the nuances and analysis of multiple unit apartment dwellings.
Jason advises on commercial real estate property types such as multifamily, retail, shopping centers and office buildings. The bulk of his transactions are multifamily buildings ranging in size from 4 plexes upwards to 100+ units
Proficiencies include: 1031 I.R.S. Tax Deferred Exchanges; cash flow analysis calculations, re-positioning analysis and renovation and forecasting.
Born and raised in the South Hills area. Jason graduated from Slippery Rock University with a B.S. of Environmental Science and minor in Business Administration. Jason is a licensed real estate agent in Pennsylvania.
EDUCATION 309 Smithfield trS eet, 5th Floor Pittsburgh, PA 15222 Canon McMillian H.S. - 1993 T 412.535.5756 Slippery Rock University B.S. Environmental Science - 1998 C 724.825.3137 [email protected]
5,000 SF BAR | BEECHVIEW | 2500 W LIBERTY AVE PITTSBURGH, PA 15226 SVN | Three Rivers Commercial Advisors | Page 17
The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 309 Smithfield trS eet, 5th Floor Pittsburgh, PA 15222 412.535.8062 svnthreerivers.com
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